Exhibit 10.3
LEASE AGREEMENT BETWEEN VALLEY BANK AND FORPICUS, LLC
October 12, 2004
Location of Property: Town Green Medical, 00 Xxxx Xx., Xxx 000, Xxxxxxxxxxx,
XX 00000
Xxx Xxxxxxx
Valley Bank
0 Xxxxxxxxx Xxxxxx
Xxxxxxx, XX 00000
Phone: 000-000-0000
Fax: 000-000-0000
&
Forpicus,LLC known as Lessor
Xxx Xxxxxx Xx., Xxxxx 0X
Xxxxxxxxxxx, XX 00000
Phone: 000-000-0000
Fax: 000-000-0000
Terms as follows:
1. Twelve Month Lease beginning January 1, 2005, upon banking department
approval if not by 1/1/05. Rent is $750.00/month with option to renew @
$750.00 for 12 additional months.
2. A security deposit of $750.00 due upon signing.
3. Lessee to pay $3800.00 for build-out, to include carpet, paint,
sheetrock, new ceiling tiles, wood trim, electrical (as required), new
HVAC unit and ductwork. Any additional renovation costs to be paid by
Lessor.
4. Lessee to pay their share of utilities.
5. Lessee will occupy space as shown on Exhibit A.
6. Subject to Banking Commission approval.
7. Lessor has the right to relocate Lessee at Lessor's expense to a
similar space with 30 days notice.
________________________________________ Date:
Mat Florian Pres. Forpicus, LLC
________________________________________ Date:
Xxx Xxxxxxx, Valley Bank
Loan Production Office
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